“This acquisition unites two renowned tech entrepreneurs in the South-East Asian region, namely, Eric Cheng, (pic) the co-founder and group chief executive officer (CEO) of Carsome and Patrick Grove, the co-founder and group CEO of Catcha Group.
PETALING JAYA: Carsome Group, South-East Asia’s largest integrated automotive e-commerce company, has acquired 19.9% of Australia-listed iCar Asia Ltd from Catcha Group.
Carsome and Catcha Group have also made a joint proposal to the independent directors of iCar Asia to acquire the remaining 80.1% of iCar from its shareholders.
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